Setting up an LLC or C corp

Trading Discussion
1

I have been looking into setting up an LLC (with a partner)possibly 2 to guard against taxes or a C corp for tax write-offs and protecting some of my money.

(I searched the forums for anything on this and surprisingly I did not find anything).

I was wondering if A) anyone has experience in doing either of these things, and B) Does anyone have an accountant they would recommend for setting it up that has experience with day traders.

Cheers!

2

Not necessary. You can get tax benefits as an individual. My accountant only suggested forming some form of corporate entity if I start managing funds that are not my own.

3

If you do decide to create an LLC, you can do so pretty quickly and for not alot of money at bizfilings.com

I have created two LLC’s (one under which I trade) and know others who have done the same

Good luck